In this paper Markus Knell studies the determinants of unemployment in a two-country- model, where real wages are the … monetary union (MU) will (negatively) affect unemployment in all member countries by fundamentally changing the nature of … whatsoever on structural unemployment. …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …